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20 October 2024 | 147 replies
Simple.Those that have value to provide will be incentivised by the BP readers to have value in their posts so they can gain exposure.
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11 October 2024 | 30 replies
Finally, any leads you have to off MLS opportunities coming that you have access to?
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11 October 2024 | 13 replies
This ensures you can access these docs from anywhere and if they originals get destroyed you have the digital copies.
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10 October 2024 | 2 replies
This strategy has gained popularity because of its potential for building wealth through real estate.
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9 October 2024 | 1 reply
I'm in my gaining knowledge and setting up my foundation phase and currently focusing my efforts on wholesaling with a goal of moving to flips.Excited to learn and connect with you all!
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12 October 2024 | 16 replies
A 30-year fixed rate offers peace of mind knowing your payments won’t change over time.The longer you hold the property, the more value you'll gain from the lower interest rate, so it’s ideal for a buy-and-hold strategy.3.
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10 October 2024 | 2 replies
After finally getting access (after closing), I discovered floor damage that should have been identified.
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8 October 2024 | 1 reply
This means the portion of the gain from that time is not eligible for the exclusion and will be taxed.
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8 October 2024 | 11 replies
KowalIf this is true a sound strategy is to get bonus depreciation to get as much loss as possible (which gets to reduce my pension income) and as much sec1231 gain (which becomes cap gain)
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.